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Sep 25, 2013
09/13
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it would add to the deficit. there have been a couple of republicans in the house who have been smart enough to say, we are going to repeal all of the benefits so 25-30,000,000 people do not get health insurance, but we are going to keep the taxes that obama raised. we just will not talk about that. that way we can say we reduced the deficit. but, obviously, you are doing some funny business there with the budget. look, nothing is free. the bottom line is, do we want to continue to lead -- live in a society where we have the most inefficient health care system on earth, leaving millions of people exposed to the possibility that they could lose everything because they get sick, where we have little children and families going to the emergency room once a week because they have asthma and other preventable diseases because their families are not linked up with the partner position who is providing them regular care, where the cost to society for reduce productivity, illnesses, etc. all burden our businesses -- is t
it would add to the deficit. there have been a couple of republicans in the house who have been smart enough to say, we are going to repeal all of the benefits so 25-30,000,000 people do not get health insurance, but we are going to keep the taxes that obama raised. we just will not talk about that. that way we can say we reduced the deficit. but, obviously, you are doing some funny business there with the budget. look, nothing is free. the bottom line is, do we want to continue to lead -- live...
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Mar 15, 2013
03/13
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KNTV
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president obama wants a big deal that addresses the long-term deficit. he's hoping several sit-downs this week on capitol hill put lawmakers in a better mood to compromise. >> i think we've had good conversations, but ultimately it's a matter of the house and the senate, both caucuses getting together and everybody being willing to compromise. we'll see if we can do that. >> reporter: republicans have proposed significant cuts to entitlements, something democrats oppose, and democrats want new tax revenue, a deal breaker for republicans. republican leader mitch mcconnell put responsibility back on the president. >> his job is to deliver the members of his party. >> reporter: for now lawmakers appear no closer to a deal but they are more optimistic about the possibility of compromise. today president obama is taking a break from budget talks and traveling to illinois. he'll be focusing on another of his big priorities, alternative energy. richard? >> putting those walking shoes on the side after a very busy couple of days for the president. thank you, dan
president obama wants a big deal that addresses the long-term deficit. he's hoping several sit-downs this week on capitol hill put lawmakers in a better mood to compromise. >> i think we've had good conversations, but ultimately it's a matter of the house and the senate, both caucuses getting together and everybody being willing to compromise. we'll see if we can do that. >> reporter: republicans have proposed significant cuts to entitlements, something democrats oppose, and...
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Oct 4, 2013
10/13
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MSNBCW
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i mean, you could cut the deficit from anywhere. specifically you and your colleagues went after obama care. why? >> first of all, let's go back to the deficit a second. when george bush left and obama took over, there was $9 billion in deficit. most of bush's deficit was spent when the country was attacked on september 11th and rebuilding our military and also the decline in revenue. so that was $9 billion. we're at $17 billion. we're going to $18 billion. it will double in five years. >> congressman, i could tell you the surplus that bill clinton -- >> do you want me to answer the second part? >> i will, but since you wanted to deviate. bill clinton left us with a surplus, so you don't want to go there. >> let's go back to left us with a surplus. when he came in, the last shutdown was with republicans. but he negotiated with republicans. and yes, you had a republican -- >> he was negotiating over a budget congressman. he negotiated over a congressman. it was not a law. you're taking a law, not a budget. >> we balanced the budget w
i mean, you could cut the deficit from anywhere. specifically you and your colleagues went after obama care. why? >> first of all, let's go back to the deficit a second. when george bush left and obama took over, there was $9 billion in deficit. most of bush's deficit was spent when the country was attacked on september 11th and rebuilding our military and also the decline in revenue. so that was $9 billion. we're at $17 billion. we're going to $18 billion. it will double in five years....
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Feb 13, 2013
02/13
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KQED
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they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and spur growth. dean of the columbia business school chair of economic advisors. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org >>> the following kqed production was produced in high definition. ♪ >>> calories, calories, calories! >> wow, it rocked my world! >> it just kind of reminded me of boot camp. >> i don't know what you had, but this is great! >> it almost f >> hi! i'm leslie sbrocco, welcome to "check, please! bay area," the show where regular bay area
they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and...
WHUT (Howard University Television)
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88
Feb 13, 2013
02/13
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WHUT
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eye 88
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they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and spur growth. dean of the columbia business school chair of economic advisors. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org
they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and...
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Feb 13, 2013
02/13
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KQED
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they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and spur growth. dean of the columbia business school chair of economic advisors. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening, everyone. i'm susie gharib. tom's off tonight. americans are waiting to hear from president obama as he gives his state of the union speech. we look at his jobs plan and what wall street wants to hear from the president. and currency wars: g-7 countries say they're looking to boost their local economies, but critics
they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and...
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Mar 10, 2013
03/13
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CSPAN2
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it's contrary or contradictory to be concerned about the budget deficit when you take steps to have a negative effect on the economy. how much would it take effect? >> an excellent question. and of course, you create jobs by growing the economy. and you have to not only grow the economy. you need to stabilize it. you can't have the situation we're in where the interest rates are right in the basement, and as someone said, you can't jump out of the basement. that is as low as it is. and if people stop trusting u.s. treasuries, the $16 trillion of debt we have out there interest rates are i going to skyrocket. interest payments will go up annually, potentially by hundreds of billions of dollars, we would have more deficit. there would be less trust. you wrecked the government's role in the economy. those are my secret notes i'm going pick them up. [laughter] so so you to stabilize that. and you have to figure out a way to get the economy to grow. and that's a long-term proposition, which will lead to more jobs. but you're right, there's contradiction in all of this. but in trying to cre
it's contrary or contradictory to be concerned about the budget deficit when you take steps to have a negative effect on the economy. how much would it take effect? >> an excellent question. and of course, you create jobs by growing the economy. and you have to not only grow the economy. you need to stabilize it. you can't have the situation we're in where the interest rates are right in the basement, and as someone said, you can't jump out of the basement. that is as low as it is. and if...
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Nov 21, 2013
11/13
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MSNBCW
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the whole rest of the government absent health care actually their deficit position improves over the next 20 years. it's all health care spending so the only way we are going to improve our deficit is controlling health care spend g spending. the only way is not to sit with the existing status quo but be innovative. the affordable care act just by raising atension to the issue much as the clinton law did in the early '90s has gotten providers and consumers saying we need to think about the way we're doing this, form exciting new organizations and new interesting flexible limited network products to try to bring consumers into the purchasing decision and that's going to move forward. to repeal the affordable care act would be to go backwards and reverse the gains over the last few years. >> crystal, i don't know how the administration considerable -- there's a mixed bag of news. there's a flow of bad news in certain parts of it, the website and so forth, but when there is good news i just don't know how they can get it out at this point. i suggest stamping it top secret and leaking it
the whole rest of the government absent health care actually their deficit position improves over the next 20 years. it's all health care spending so the only way we are going to improve our deficit is controlling health care spend g spending. the only way is not to sit with the existing status quo but be innovative. the affordable care act just by raising atension to the issue much as the clinton law did in the early '90s has gotten providers and consumers saying we need to think about the way...
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Mar 30, 2013
03/13
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CSPAN
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we're having discussions about the deficit. 2.8 trillion in health care costs are for diseases that can be prevented or reversed by making changes in lifestyle. we have many republicans say we should dismantle medicare or reduce entitlements. democrats are saying to raise taxes. it is not a lot of overlap. if we can address the fundamental causes of why people get sick, we can have better health care available for more people of lower-cost. the only side effects are good ones. >> brian, what brings you out here -- ryan, what brings you out here today with us? >> thank you for allowing me to take part in this. if there is a hierarchy, i am close to the bottom, unless anybody needs hotels in fort lauderdale. i am here representing an organization called hei hotels and resorts. we are a privately owned company. i will kind of frame this -- my brief five minutes that i get to talk about access and lifestyles, by quoting one of the most difficult bosses i have ever had. we were out to dinner one night and i presented all these great plans about how to change the hotel and he said, "change is
we're having discussions about the deficit. 2.8 trillion in health care costs are for diseases that can be prevented or reversed by making changes in lifestyle. we have many republicans say we should dismantle medicare or reduce entitlements. democrats are saying to raise taxes. it is not a lot of overlap. if we can address the fundamental causes of why people get sick, we can have better health care available for more people of lower-cost. the only side effects are good ones. >> brian,...
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Feb 6, 2013
02/13
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MSNBC
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we believe there is a better way to reduc the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year. that's compared to $1.1 trillion short fall. the outlook predicts the improvements will not last. it warns that an aging population will drive up retirement spending and rising interest rates will put the debt at unsustainable level it's current laws remain in place, debt by 2023 will equal 77% of gross domestic product. that is roughly double the 39% average seen over the past 40 years. >>> coming off the republicans' bruising defeat, eric cantor is looking to rebrand his party n a speech at a d.c. think tank, he moved away from his combative tone expressing a need to work on issues with president obama important to t
we believe there is a better way to reduc the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year....
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Oct 5, 2013
10/13
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CSPAN
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he's got a balanced approach to reducing the long-term deficit. the republican budget takes the country in the entirely wrong direction. but we always wanted to have that negotiation. they stayed away from the negotiating table for months and months in order to very deliberately push this government and the country up against the wall because they thought they could get through that process but they could not get through the negotiation in compromise. so we stand ready to do it. i would say the irony here, of course, is the underlying bill we're amending as part of this process, the underlying republican bill as mr. dingle said, has called the government shutdown prevention act. now they worked hard to say the government did shut down. we are going to use that vehicle. that is the vehicle to make sure that we have a chance to open government again. we could do it in the next five minutes if the speaker would allow a vote. but this is an opportunity for republicans who claim that they want to vote on a clean cr to keep the government open to actual
he's got a balanced approach to reducing the long-term deficit. the republican budget takes the country in the entirely wrong direction. but we always wanted to have that negotiation. they stayed away from the negotiating table for months and months in order to very deliberately push this government and the country up against the wall because they thought they could get through that process but they could not get through the negotiation in compromise. so we stand ready to do it. i would say the...
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Jul 30, 2013
07/13
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CSPAN
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the discussion we are having on ing-term deficit reduction -- would love deficit reduction, but i would love to have a set of policies that actually -- hire back some of the teachers that were fired at the state and local level. that is really counterproductive here to make some investment in infrastructure, because -- >> if you were doing one big factor -- package, you would also include putting these things and now rather than waiting? >> here is what i think neera would do -- [laughter] if you can make -- wave a magic wand and put the politics out of the window, because of opportunity costs, there is only so much political oxygen. room,d put you two in a michael linden, dean baker, people from very different views but who all share -- and some conservatives, that's right. and say, what you came out with is what we would do. so, it would not absorb the political oxygen that we need right now, but that we have a backloaded plan that would get us to fiscal sustainability that was balance. i think there are enough people in town that would go there. >> on the aisle. go ahead. my name is
the discussion we are having on ing-term deficit reduction -- would love deficit reduction, but i would love to have a set of policies that actually -- hire back some of the teachers that were fired at the state and local level. that is really counterproductive here to make some investment in infrastructure, because -- >> if you were doing one big factor -- package, you would also include putting these things and now rather than waiting? >> here is what i think neera would do --...
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Jan 19, 2013
01/13
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FOXNEWS
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has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a solution. when you have a national media part of this coalition of interest and depen dense on the democratic party, there is no way for them to have validation. there is no way for them to have an aggressive watchdog that would normally, traditionally, historically be attacking the miss adventure of those in power. >> we agree that the media is in the tank. i'm almost stunned that you think, to quote you, everybody understands the issue. i will tell you why, you go right outside the fox news channel building now and you stop people and go what about the federal debt? come on. >> let me put it in some context. there was a time in this country and everybo
has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a solution. when you have a national media part of this coalition of interest...
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Feb 13, 2013
02/13
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FBC
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just deficit reduction. i think the president clarified that a little bit this evening with a comment you just mentioned, neil. there is that question about whether and that democrats are all that serious about deficit reduction going much further. the republicans put a number, saying we want to get as close as balanced as possible. that is what they're writing right now. neil: we should point out, the president wants to avoid this constant crisis and brinksmanship ahead of what could be another deadline in two weeks. but i see nothing here that will avoid that. >> and the conversations we're having right now, at least in congress on deficit reduction or the sequestered to get rid of that deficit reduction, we are not even close to the deal right now. neil: okay. thank you very much. the republican response falls on 188. running for president and self in four years. marco rubio. >> good evening. i'm marco rubio. i am blessed to represent florida in the united states senate. let me begin by congratulating pre
just deficit reduction. i think the president clarified that a little bit this evening with a comment you just mentioned, neil. there is that question about whether and that democrats are all that serious about deficit reduction going much further. the republicans put a number, saying we want to get as close as balanced as possible. that is what they're writing right now. neil: we should point out, the president wants to avoid this constant crisis and brinksmanship ahead of what could be...
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Jan 16, 2013
01/13
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FBC
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fitch a riley, fundamental credit strengths are eroded by large studily declining structure budget deficit, and high and rising public debt. what fitch is not saying, but almost screaming is, the washington sons of fitches are doing not about it, they screamed it. after the cliff, get ready for the crash. i'm not surprised we could still be cut. i'm surprised that fitch has not already done so, john campbell said that triple a rated countries do not we behave this way. i'm surprised it has not already happened. what do you think? >> i know, i just, you know there isal this talk if we get into a big fight over trying to reduce entitlements and making a long-term solution to this, that fitch or some rating agencies may cut our credit rating at this point. if that is what they are doing, they have it backwards. what they should do is they should look at reducing our credit rating, if we don't -- if we don't make some significant change in long temp problem, otherwise we'll surpass italy, and greece and spain and japan. that is what hey should be talking about. not just about this fight we're
fitch a riley, fundamental credit strengths are eroded by large studily declining structure budget deficit, and high and rising public debt. what fitch is not saying, but almost screaming is, the washington sons of fitches are doing not about it, they screamed it. after the cliff, get ready for the crash. i'm not surprised we could still be cut. i'm surprised that fitch has not already done so, john campbell said that triple a rated countries do not we behave this way. i'm surprised it has not...
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Dec 1, 2013
12/13
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CSPAN
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and governor of ohio with the largest deficit in our history now balanced with a surplus, we want to get them to focus on doing their job. we all have to get behind this, republican governors, democratic governors. we have $17 trillion debt. it is sucking a lot of the life out of our country. we have the chinese using american dollars that they take from us to recycle in places around the world with the influence they have. we've got to balance the budget. it will restrain them. it will lead to greater economic growth. it is time to get back on this again. i think it is one of the most important issues the country faces. it will be interesting to see if democrats and if liberals recognize the fact at some point they have to be responsible in that town and meet the challenge of these deficits. >> you have been fighting it your entire public life. that is exciting. let me ask you. i have been struck since i'm in here by how many people are concerned that the republican party will repeat the same mistake in washington, d.c. that they made over the last several months. you know, the gove
and governor of ohio with the largest deficit in our history now balanced with a surplus, we want to get them to focus on doing their job. we all have to get behind this, republican governors, democratic governors. we have $17 trillion debt. it is sucking a lot of the life out of our country. we have the chinese using american dollars that they take from us to recycle in places around the world with the influence they have. we've got to balance the budget. it will restrain them. it will lead to...
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Sep 22, 2013
09/13
by
CNN
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we all want to reduce the deficit. remember this, president obama, when he became president, he said, i'm going to cut the deficit in half in four years. he did it in four years and three months. he did that. he's on a path to deficit reduction, we're all committed to that. put everything on the table, review it. but you cannot have anymore cuts just for the sake of cuts. right now you're taking trophies. >> you don't want to take entitlements. >> we don't want to sit at a table that says there's no place for social security in a civilized stoet. society. >> this isn't just the odd person out in their caucus. and by the way, by the way, the voucherizing of the medicare is in the ryan budget. medicare should wither on the vine. that is in the ryan budget. president washington said as he was leaving, he cautioned political parties at war with their own government. let me introduce you to the republican caucus in the house of representatives. not all of them, as you say, don't paint them all with the same brush, but enoug
we all want to reduce the deficit. remember this, president obama, when he became president, he said, i'm going to cut the deficit in half in four years. he did it in four years and three months. he did that. he's on a path to deficit reduction, we're all committed to that. put everything on the table, review it. but you cannot have anymore cuts just for the sake of cuts. right now you're taking trophies. >> you don't want to take entitlements. >> we don't want to sit at a table...
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Jan 13, 2013
01/13
by
KQED
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eye 184
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he's a liberal deficit hawk. he's got very strong views on the safety net and funding of government but he really does believe in doing what can be done to reduce deficits ?ee.'s coming at that time beginning of president obama's second term. second terms are rough. they eventually lead into lake duckery. people jump ship who are working for him. sew needs a strong group to handle the deficiencies that are inherent in a second term. you understand me? >> i understand. i think that's right. >> now, is lew the guy that can do this for him? can he protect him and keep him alive in the sense of politically alive, of course, and keep him vibrant as president? >> look, up to a degree, he can do that. but ultimately still most of the major policy is at the desk of the president. when he said that he was the man who was responsible for three surpluses under bill clinton, let me tell you, bill clinton had three different programs to reduce the budget deficit and bring about that. so it was a presidential decision. it's no
he's a liberal deficit hawk. he's got very strong views on the safety net and funding of government but he really does believe in doing what can be done to reduce deficits ?ee.'s coming at that time beginning of president obama's second term. second terms are rough. they eventually lead into lake duckery. people jump ship who are working for him. sew needs a strong group to handle the deficiencies that are inherent in a second term. you understand me? >> i understand. i think that's...
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Apr 5, 2013
04/13
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MSNBCW
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it will include $1.8 trillion in deficit reduction and significant cuts to medicare and social security. but it will also call for fewer tax increases than in the past. this may represent a significant shift in the president's fiscal strategy, but it may also signal a larger pivot. call it obama 3.0, "washington post" writes this budget request reflegts obama's stark shift in strategy. he's begun a charm offensive in hopes they, the republicans will take seriously his offer to overhaul entitlement programs in exchange for increasing tax revenue. obama's aides have not been optimistic about the prospects for a deal but they argue that his strategy of outreach coupled with public events offers the best path forward for progress. the white house may see the con sill terry approach as the best path forward, but what is the end game when the goal posts are set in the middle of the field. ezra klein writes notice "washington post," the upside of the strategy is clear -- obama gets caught trying on a budget compromise. by starting in the middle, liberals worry that obama risks pushing a final
it will include $1.8 trillion in deficit reduction and significant cuts to medicare and social security. but it will also call for fewer tax increases than in the past. this may represent a significant shift in the president's fiscal strategy, but it may also signal a larger pivot. call it obama 3.0, "washington post" writes this budget request reflegts obama's stark shift in strategy. he's begun a charm offensive in hopes they, the republicans will take seriously his offer to...
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122
Sep 22, 2013
09/13
by
CNNW
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eye 122
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we all want to reduce the deficit. remember this, president obama, when he became president, he said i'm going to cut the deficit in half in four years. he did it in four years and three months. he did that. he's on a path to deficit reduction. we're all commit the to that. put everything on the table. review it. but you cannot have any more cuts just for the sake of cuts. right now you're taking trophies. >> not entitlements. you don't want to touch entitlements. >> we want to prolong entitlements. we're not going to sit at a table for people who say social security has no place in a free society. that's what they do. >> john boehner doesn't do that. he doesn't say i i wawant to ged of social security. >> yeah they do. this isn't odd person out in the caucus. this is in the ranks of the leadership. and by the way -- by the way, voucherizing of medicare is in the ryan budget. medicare should wither on the vine. that is in the ryan budget. president washington said as he was leaving, he cautioned against political parti
we all want to reduce the deficit. remember this, president obama, when he became president, he said i'm going to cut the deficit in half in four years. he did it in four years and three months. he did that. he's on a path to deficit reduction. we're all commit the to that. put everything on the table. review it. but you cannot have any more cuts just for the sake of cuts. right now you're taking trophies. >> not entitlements. you don't want to touch entitlements. >> we want to...
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102
Oct 8, 2013
10/13
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MSNBCW
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eye 102
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deficits are already following. what's to stop them from not taking yet another hostage again and again, and this just being the way we do things. >> right. and this is not about public policy. because if it were, the policy concessions they achieve, they would be happy to take, bank and roll into law. roll into the federal budget. roll into the sequester cuts. what john boehner said were arbitrary and probably too large in the "wall street journal" the week before the sequester hit. there is a public record here so anyone following, which is not everyone, but a growing number of people in the country, wondering why is what the republicans doing disrespecting our veterans who have fallen in war or keeping our parks closed or preventing us hunting in montana. many of the governments, quote, unquote, nonessential services help people live their lives. >> exactly. >> the other piece that is important that we have discussed before but shouldn't get lost, chaos and destruction is not just a threat here. chaos and destruc
deficits are already following. what's to stop them from not taking yet another hostage again and again, and this just being the way we do things. >> right. and this is not about public policy. because if it were, the policy concessions they achieve, they would be happy to take, bank and roll into law. roll into the federal budget. roll into the sequester cuts. what john boehner said were arbitrary and probably too large in the "wall street journal" the week before the sequester...
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Jan 1, 2013
01/13
by
WMAR
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eye 80
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in fact, the deal would actually add nearly $4 trillion to the deficit over the next ten years. mostly thanks to the cost of extending those tax cuts for everybody making under $400,000. >> there's no spending cuts. we're adding $4 billion a day to the debt. and we feel like the senate bill failed miserably. >> reporter: if they don't get their act together, the consequences will be immediate. the pentagon has already drafted notices to 800,000 civilian employees warning they may be put on unpaid leave. and those tax increases triggered today will start to hit our paychecks this week. the average family, seeing a tax increase of almost $3,500. there is intense pressure on house republican leaders to resolve this before the stock market opens tomorrow morning. they are hearing from business leaders. they are also hearing from senate republicans, saying that the cost of failure on this, david, would just be too high. >> would love to be on some of those phone calls, jon. thank you. as you point out, wall street does open tomorrow morning. after a week straight of losses already, n
in fact, the deal would actually add nearly $4 trillion to the deficit over the next ten years. mostly thanks to the cost of extending those tax cuts for everybody making under $400,000. >> there's no spending cuts. we're adding $4 billion a day to the debt. and we feel like the senate bill failed miserably. >> reporter: if they don't get their act together, the consequences will be immediate. the pentagon has already drafted notices to 800,000 civilian employees warning they may be...
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Sep 24, 2013
09/13
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it would add to the deficit. now, there have been a couple republicans in the house who have been smart enough to say, we're going to repeal all the benefits so that people -- you know, 20 -- 25, 30 million people don't get health insurance. but we're going to keep the taxes that obama raised. we just won't talk about that. and then that way we can say we reduced the deficit. but, you know, obviously you're doing some funny business there with the budget. but look, nothing is free. the bottom line, though, is, do we want to continue to live in a society where we've got the most inefficient health care system on earth, leaving millions of people exposed to the possibilities that they could lose everything because they get sick, or we've got little -- children and families going to the emergency room once a week because they've got asthma and other preventible diseases because their families aren't linked up with a primary care physician who is providing them regular care. where the costs to society for reduced pro
it would add to the deficit. now, there have been a couple republicans in the house who have been smart enough to say, we're going to repeal all the benefits so that people -- you know, 20 -- 25, 30 million people don't get health insurance. but we're going to keep the taxes that obama raised. we just won't talk about that. and then that way we can say we reduced the deficit. but, you know, obviously you're doing some funny business there with the budget. but look, nothing is free. the bottom...
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Jan 20, 2013
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the budget hasn't been balanced in multiyears and the deficit is over a trillion dollars . every man, woman and child. i had my fifth grandchild and that baby was born with $50,000 worth of debt if we were to pay it off today. every man and woman and child has that worth of debt. that is uncon69able and we have to stop kicking the can down the road and we have to solve the problem and do whatever it takes to get us back on the fiscal path again. >> i want to talk about it now you come back and see a different thing. what is the biggest difference you are seeing coming back the second time? >> we passed a lot more rules on ourselves. we reduced our budget and exact opposite is happening to our government. it is gone crazy with regulation and restriction, but the part that is most alarmming is the amount of money that we are print one day will explode. we can't continue to print money. we have fancy names for it. it is quantitative easing and it is really printing money. wrim bay way has a trillion dollar note and you buy a loaf of bread everybody is happily singing . we will
the budget hasn't been balanced in multiyears and the deficit is over a trillion dollars . every man, woman and child. i had my fifth grandchild and that baby was born with $50,000 worth of debt if we were to pay it off today. every man and woman and child has that worth of debt. that is uncon69able and we have to stop kicking the can down the road and we have to solve the problem and do whatever it takes to get us back on the fiscal path again. >> i want to talk about it now you come...
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Sep 22, 2013
09/13
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speak but now it doesn't -- >> now we have a trillion dollar deficit. deficit. >> and it doesn't look like the republicans are helping us any, so will you write a book for that? >> well, let me say something about that. i think the republicans, you know, there are people all across the spectrum in both parties, but i would ask, i was speaking about my other book, known and unknown, at fort leavenworth, the military base, not a prison. [laughter] and they were 1490 majors from most our country but from around the world. it's a big school there. someone asked me what's the biggest problem that i worry about when i go to bed at night. and the answer was, american weakness. and why do i say that? i thin think the signal that's n sent out from this country is that basically we're modeling american economy on europe, and it's a failed model. doesn't work. and there's no way you can have the deficits we have and have the debt we are incurring without sending out a signal to the world that this country is not going to be what it was in the past. there's no way
speak but now it doesn't -- >> now we have a trillion dollar deficit. deficit. >> and it doesn't look like the republicans are helping us any, so will you write a book for that? >> well, let me say something about that. i think the republicans, you know, there are people all across the spectrum in both parties, but i would ask, i was speaking about my other book, known and unknown, at fort leavenworth, the military base, not a prison. [laughter] and they were 1490 majors from...
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Mar 8, 2013
03/13
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a new report by "the hill" claims the president wants a bipartisan deficit deal done by the end of july and also coming up next week, paul ryan who talked of optimism after the lunch with the president expected to unveil a new budget plan. joining me now april ryan and chris kofonis. thank you for joining us. >> thank you, tamron. >> our first read team talks about this being a consequential week and a year from now we may look at rand paul, for example, on another issue, the budget saying it remains to be seen if the recalibration will pay dividends for obama but if a grand bargain or close to it occurs late they are year we'll look back on this week as consequential. the means and deals or whatever you call it may be something more than breaking bread, april. >> tamron, i don't think so. >> hmm. >> i'm going back to something that happened this week. there was a poll that showed 51% of americans really don't know what sequestration is and then a grand bargain is still about cuts, as well. >> yeah. >> no win-win here. it's major. the white house, josh earnest, just said at the white ho
a new report by "the hill" claims the president wants a bipartisan deficit deal done by the end of july and also coming up next week, paul ryan who talked of optimism after the lunch with the president expected to unveil a new budget plan. joining me now april ryan and chris kofonis. thank you for joining us. >> thank you, tamron. >> our first read team talks about this being a consequential week and a year from now we may look at rand paul, for example, on another issue,...
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Jan 7, 2013
01/13
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if you don't reduce the deficit, maybe there ought to be a reduction in pay. everyone knew in washington you had this deadline and nobody seemed to get serious about it until about midnight on put 1st of december. >> simpson-bowles made a recommendation we should have a three-year pay freeze for federal workers, excluding the military. we did it for two. i introduced a bill to extend it for the third year. it passed the house, as usual. the senate didn't pick it up. then the president came forward and he, by executive order, offered everyone a pay raise. we dealt with that actually in the fiscal cliff. but looking at the deal how it was negotiate the on the fiscal cliff, it was done at 2:00 in the morning on new year's eve. half of america was sleeping, the other half was in the bag, and no one knew what was happening. that's not the way good policy should work. but i think because the president wasn't willing to negotiate with us honestly, moving forward, i think the speaker and a lot of americans are angry at him. i think he's done a good job. the speaker un
if you don't reduce the deficit, maybe there ought to be a reduction in pay. everyone knew in washington you had this deadline and nobody seemed to get serious about it until about midnight on put 1st of december. >> simpson-bowles made a recommendation we should have a three-year pay freeze for federal workers, excluding the military. we did it for two. i introduced a bill to extend it for the third year. it passed the house, as usual. the senate didn't pick it up. then the president...
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Jan 14, 2013
01/13
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the deficit. there has probably been more pain and drama in getting there than we needed. so finishing the job shouldn't be that difficult if everybody comes to the conversation with an open mind and if we recognize that there's some things like not paying our bills that should be out of bounds. all right? i'm going to take one last question. jackie colmes. >> mr. president. >> yeah. >> i like to ask you, now that you reached the end of your first term, starting your second, about a couple of critsims. one longstanding, another more recent. the longstanding one seems to become a truism of sorts that you and your staff are too insular. that you don't socialize enough. and the second, more recent criticism that your team taking shape knit diverse, isn't as diverse as it could be or even was in terms of getting additional voices, gender, race, ethnic diversity. i would like you to address both of those. >> let me take the second one first. you know, i'm very proud in the first four years we had as di
the deficit. there has probably been more pain and drama in getting there than we needed. so finishing the job shouldn't be that difficult if everybody comes to the conversation with an open mind and if we recognize that there's some things like not paying our bills that should be out of bounds. all right? i'm going to take one last question. jackie colmes. >> mr. president. >> yeah. >> i like to ask you, now that you reached the end of your first term, starting your second,...
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Oct 17, 2013
10/13
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i'm sure it's not the whole deficit but it's a heck of a good start. i am taking from welfare and social security and taking from paychecks. if you take $52 out of someone's welfare check one time -- [inaudible] >> host: so you would say you can find sources anywhere to get money from. is that what you're saying? >> caller: i remember in 1992. [inaudible] it cost 20 cents. 90% of the people wait for that nickel but if you charge 25% you add it up. 90 million cards. >> guest: i'm not in favor of niggling and timing americans to death but i do think actually this gentleman raises an interesting point. if you were to cut government spending by 1 penny out of every dollar spent this year and another penny next year and a penny the year after that you would go a long way to dramatically reducing this budget deficit. the good news is we are going to get this deficit down to somewhere between 60,700,000,000,000 that's still a huge number but its progress from the 1.2 trillion we had so big they get america back to work and get the 20 million people who don't
i'm sure it's not the whole deficit but it's a heck of a good start. i am taking from welfare and social security and taking from paychecks. if you take $52 out of someone's welfare check one time -- [inaudible] >> host: so you would say you can find sources anywhere to get money from. is that what you're saying? >> caller: i remember in 1992. [inaudible] it cost 20 cents. 90% of the people wait for that nickel but if you charge 25% you add it up. 90 million cards. >> guest:...
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Mar 15, 2013
03/13
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guest: it was the debt or deficit, possibly. yearbly the year to deficit. in 2010 the deficit was 1.4 trillion dollars. that is the gap between government spending. this year we are expecting $860 billion. 546% of gdp. or 6% of gdp. the spending reductions that both parties have been active since 2011 -- the line host: our last call comes from nebraska, good morning. good morning. i am listening to all of these people calling in. i want to tell everyone that i used to be a democrat. the problem i see now is that all of the states that are run cannot balance the budget. they are considering a gutsy. the republicans have their problems too. that whenot realize they hear millions, billions, and trillions. there is a difference. goes by ineconds less than twelves -- in less than 12 days. 1 billion seconds takes 30 years to go away. and one trillion seconds will go back to the stone age in the 29,718. if people cannot understand that we are going to be just like europe. host: will get a response. guest: the states have been really desperate, particularly califor
guest: it was the debt or deficit, possibly. yearbly the year to deficit. in 2010 the deficit was 1.4 trillion dollars. that is the gap between government spending. this year we are expecting $860 billion. 546% of gdp. or 6% of gdp. the spending reductions that both parties have been active since 2011 -- the line host: our last call comes from nebraska, good morning. good morning. i am listening to all of these people calling in. i want to tell everyone that i used to be a democrat. the problem...
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i mean, the economy, the trade deficit widening in april. up eight and a half% to up $40 billion. the gold back below $1,300 an ounce. crude-oil down $0.14 to just above $93 per barrel. the bond market, the yield on the 10-year rising to just over 2% our next guest says the secret e-mail accounts used by top obama officials as the potential to of permit a shadow government within the administration led by a president who once vowed to eatehe most open and transparent administration ever. joining us now, fox is legal analyst, for prosecutor, fox is legal analyst, criminal defense attorney. let's start w the internal revenue service. to listen to those -- i mean, it was truly rich. >> it really was. in victim after victim who took the stand and said, look what you did to me. i am not blaming anybody but the irs. this is not the country has signed up for, the organization i signed up for, to beoing into people's personal accounts likehat and to be finding get -- funding that have come to see the devastation of theictims' faces was amazing. just as a citizen. it was dastating. >> let'
i mean, the economy, the trade deficit widening in april. up eight and a half% to up $40 billion. the gold back below $1,300 an ounce. crude-oil down $0.14 to just above $93 per barrel. the bond market, the yield on the 10-year rising to just over 2% our next guest says the secret e-mail accounts used by top obama officials as the potential to of permit a shadow government within the administration led by a president who once vowed to eatehe most open and transparent administration ever....